The low-income housing tax credit (LIHTC), continues to serve the nation’s most vulnerable households, according to “Understanding Whom the LIHTC Program Serves: Data on Tenants in LIHTC Units as of December 31, 2015,” a U.S. Department of Housing and Urban Development’s (HUD) report released March 20, 2018. The report provides insight into households in LIHTC rental homes including information about race, ethnicity, family composition, age, income, use of rental assistance, disability status, and monthly rental payments.
There are several caveats to consider about HUD’s data. First, not all data reported by housing finance agencies (HFA) are collected in a manner consistent with HUD’s demographic data collection standards. Second, what’s reported does not capture all LIHTC households because some HFAs did not submit 2015 data. In addition, the information is requested at the household level or for individual household members, but reporting is not consistent. Still, the data submitted is significantly large enough to be a representative sample and provides useful information about the economic and demographic profiles of households residing in LIHTC properties...................Read More
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